Log in
Register
Search
Search titles only
By:
Search titles only
By:
Forums
New posts
Forum list
Search forums
Leaderboards
Games
Our Blog
Blogs
New entries
New comments
Blog list
Search blogs
Credits
Transactions
Shop
Blessings: ✟0.00
Tickets
Open new ticket
Watched
Donate
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Forums
Discussion and Debate
Discussion and Debate
Politics
American Politics
Biden's capital gains tax proposal could crush the economy, experts say
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="o_mlly" data-source="post: 77669644" data-attributes="member: 434838"><p>You wrote, <em>"The duration of the hold is irrelevant ..."</em> As it relates to the capital gains (the OP), you are wrong.</p><p></p><p>A bit more? From 20% to 39.6% and higher depending on what state one resides. That's a 98% increase.</p><p></p><p>Yes. Increasing the capital gains tax on high earners will cause those investors to move capital from the U.S. to countries with lower rates. Result, lower GDP, job losses, lower wages.</p><p></p><p>You wrote, "I'm talking about all of those <em>subsidies and tax incentives</em> given out for opening a new factory, etc."</p><p></p><p>So, you think the politicians are better at picking winners and losers (using other people's money) than individuals (using their own money). Nope. <strong>Solyndra</strong> – $570 million taxpayer dollars wasted; <strong>Abound Solar</strong> – $401 million taxpayer dollars wasted; <strong>Calisolar</strong> – $280 million taxpayer dollars wasted; <strong>Fisker Automotive</strong> – $193 million taxpayer dollars wasted, etc.</p><p></p><p></p><p>Yes. The quote above this one is nonsense. </p><p></p><p>When new investments are financed with retained earnings (a balance sheet entry) it has no effect on the company's profit or loss (the income statement).</p></blockquote><p></p>
[QUOTE="o_mlly, post: 77669644, member: 434838"] You wrote, [I]"The duration of the hold is irrelevant ..."[/I] As it relates to the capital gains (the OP), you are wrong. A bit more? From 20% to 39.6% and higher depending on what state one resides. That's a 98% increase. Yes. Increasing the capital gains tax on high earners will cause those investors to move capital from the U.S. to countries with lower rates. Result, lower GDP, job losses, lower wages. You wrote, "I'm talking about all of those [I]subsidies and tax incentives[/I] given out for opening a new factory, etc." So, you think the politicians are better at picking winners and losers (using other people's money) than individuals (using their own money). Nope. [B]Solyndra[/B] – $570 million taxpayer dollars wasted; [B]Abound Solar[/B] – $401 million taxpayer dollars wasted; [B]Calisolar[/B] – $280 million taxpayer dollars wasted; [B]Fisker Automotive[/B] – $193 million taxpayer dollars wasted, etc. Yes. The quote above this one is nonsense. When new investments are financed with retained earnings (a balance sheet entry) it has no effect on the company's profit or loss (the income statement). [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Discussion and Debate
Discussion and Debate
Politics
American Politics
Biden's capital gains tax proposal could crush the economy, experts say
Top
Bottom